NWE 0.00% 5.6¢ norwest energy nl

Ann: Trading Halt, page-84

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  1. 502 Posts.
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    I'm not surprised about a CR, just a little surprised with the timing. At least it puts to bed any hint of a TO in the short term and gives us an opportunity to put more runs on the board.

    I know we're not in the lithium market which is going gangbusters at the moment, but AZL have gone from a CR at 12.5c and now at 24c. If investors see we are cashed up with other projects and drilling in the pipeline, then we may well see another little surge in SP and hopefully nudge 5c.

    Remember LD-1, from memory, only had a proposed success rate of circa 30% and look what we found - and we've still got seismic to go. If we find recoverable gas in our other tenements, then it's more icing on top when we really weren't expecting to be where we are now just off the back of the one drill
 
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